Boston, MA 05/05/2014 (wallstreetpr) – New York Community Bancorp, Inc. (NYSE:NYCB) has declared 41st consecutive quarterly cash dividend for shareholders. The company is offering $0.25 per share quarterly cash dividend.
Declares $0.25 per Share Dividend
New York Community Bancorp has declared a dividend of $0.25 per share the shareholders, which is payable on May 22, 2014.
New York Community Bancorp has $0.26 per diluted share earnings for 1Q2014. During this period, the company reported earnings of $115.3 million. For the same period, its cash earnings were $125.7 million which results in earnings of $0.29 per diluted share.
Steady earnings
New York Community Bancorp has met the expectation of analyst in earnings. It has earned $0.26 per share according to the recent 1Q2014 earnings report. In the first and fourth quarters of FY 2013, the company registered $0.27 per share earnings.
New York Community Bancorp, Inc. (NYSE:NYCB) saw a significant increase in its net interest income. The income increased 12.5% or $33 million to reach $299 million.
The total net income was down by $3.4 million reached the figure $115 million. It is somewhat identical to the 1Q2013. The income before taxes increased by $4.6 million to reach the figure $190 million. The growth of the loan portfolio helped the most in increasing its financial figures.
Continuous dividend
This is New York Community Bancorp, Inc. (NYSE:NYCB)’s 41st consecutive quarterly cash dividend. The dividend declared is almost twice that of other players in the same industry. Even during the financial crisis the company paid dividend to its shareholders. The company does not underwrite bad loans using its capital, and so it can continuously pay a portion of the earnings to its shareholders in the form of dividend. Investors staying long with the shares of this company is likely to get more returns over a period in the form of dividends.
